Economics Seminar: Do Oil Windfalls Improve Living Standards? Evidence from Brazil

 
When?
Wednesday 6 April 2011, 16:00 to 17:00
Where?
LTF
Open to:
Public, Staff, Students
Speaker:
Dr Guy Michaels (London School of Economics)

Dr Guy Michaels (London School of Economics)

"Do Oil Windfalls Improve Living Standards? Evidence from Brazil"

Abstract

We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls on government behaviour. Oil-rich municipalities receive higher revenues (mostly from oil royalties) and report correspondingly higher spending on public goods and services. But survey data and administrative records indicate that this higher reported spending has led to little (if any) increase in social transfers, public good provision, infrastructure, and household income. To explain why some of the oil windfall has apparently gone missing, we show that large oil output increases instances of alleged illegal activities associated with mayors.

Date:
Wednesday 6 April 2011
Time:

16:00 to 17:00


Where?
LTF
Open to:
Public, Staff, Students
Speaker:
Dr Guy Michaels (London School of Economics)

Page Owner: il0001
Page Created: Monday 4 April 2011 09:43:05 by il0001
Last Modified: Thursday 7 February 2013 10:36:11 by ri0002
Expiry Date: Wednesday 4 July 2012 09:39:20
Assembly date: Tue Mar 26 18:01:15 GMT 2013
Content ID: 53155
Revision: 3
Community: 1200